What is the turnover of Ergo?

Ergo, a privately-held provider of IT services, has announced its financial performance for the fiscal year ending March 2023. The company reported a significant jump in revenues, showcasing a robust growth trajectory.

The total revenue for the 12-month period amounted to €197.1 million, marking a substantial improvement over the previous year's figure. This achievement underscores Ergo's ability to navigate challenging market conditions and capitalize on emerging opportunities.

Comparing the current year's revenue to the previous year, Ergo has registered a substantial increase of €81 million. This impressive growth is indicative of the company's strong performance across its various service offerings and market segments.

A major contributor to this revenue surge is Asystec, a company that Ergo acquired for €25 million in February 2022. During the fiscal year under review, Asystec's integration into Ergo's operations has proven to be highly successful, generating a significant revenue contribution of €52 million.

The acquisition of Asystec has not only bolstered Ergo's revenue figures but has also strengthened its market position and expanded its service portfolio. This strategic move has allowed Ergo to tap into new markets and cater to a wider clientele.